WEC Energy Group Balance Sheet Health
Financial Health criteria checks 1/6
WEC Energy Group has a total shareholder equity of $12.1B and total debt of $18.7B, which brings its debt-to-equity ratio to 154.5%. Its total assets and total liabilities are $43.9B and $31.9B respectively. WEC Energy Group's EBIT is $2.2B making its interest coverage ratio 3. It has cash and short-term investments of $42.9M.
Key information
154.5%
Debt to equity ratio
US$18.65b
Debt
Interest coverage ratio | 3x |
Cash | US$42.90m |
Equity | US$12.07b |
Total liabilities | US$31.87b |
Total assets | US$43.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LSL's short term assets ($2.8B) do not cover its short term liabilities ($5.1B).
Long Term Liabilities: 0LSL's short term assets ($2.8B) do not cover its long term liabilities ($26.8B).
Debt to Equity History and Analysis
Debt Level: 0LSL's net debt to equity ratio (154.2%) is considered high.
Reducing Debt: 0LSL's debt to equity ratio has increased from 119.7% to 154.5% over the past 5 years.
Debt Coverage: 0LSL's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 0LSL's interest payments on its debt are well covered by EBIT (3x coverage).